Yum Brands Inc. (YUM) Position Maintained by Cohen Capital Management Inc.
Cohen Capital Management Inc. continued to hold its stake in shares of Yum Brands Inc. (NYSE:YUM) during the third quarter, according to its most recent disclosure with the SEC. The firm owned 19,950 shares of the restaurant operator’s stock at the end of the third quarter. Cohen Capital Management Inc.’s holdings in Yum Brands were worth $1,812,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Howland Capital Management LLC increased its stake in Yum Brands by 4.8% in the third quarter. Howland Capital Management LLC now owns 126,566 shares of the restaurant operator’s stock worth $11,493,000 after buying an additional 5,761 shares during the last quarter. MSI Financial Services Inc increased its stake in Yum Brands by 126.5% in the third quarter. MSI Financial Services Inc now owns 20,282 shares of the restaurant operator’s stock worth $1,842,000 after buying an additional 11,327 shares during the last quarter. Prospera Financial Services Inc purchased a new stake in Yum Brands during the third quarter worth $263,000. Capstone Asset Management Co. increased its stake in Yum Brands by 39.8% in the third quarter. Capstone Asset Management Co. now owns 71,565 shares of the restaurant operator’s stock worth $6,499,000 after buying an additional 20,367 shares during the last quarter. Finally, Atria Investments LLC increased its stake in Yum Brands by 19.9% in the third quarter. Atria Investments LLC now owns 7,236 shares of the restaurant operator’s stock worth $657,000 after buying an additional 1,202 shares during the last quarter. Hedge funds and other institutional investors own 73.26% of the company’s stock.
Shares of Yum Brands Inc. (NYSE:YUM) traded down 0.36% on Monday, hitting $63.11. The stock had a trading volume of 3,501,755 shares. The company’s 50 day moving average price is $61.97 and its 200-day moving average price is $62.22. Yum Brands Inc. has a 12 month low of $46.43 and a 12 month high of $66.13. The company has a market cap of $23.16 billion, a P/E ratio of 16.24 and a beta of 0.78.
Yum Brands (NYSE:YUM) last issued its quarterly earnings results on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.10 by $0.01. Yum Brands had a negative return on equity of 589.18% and a net margin of 12.62%. The business had revenue of $3.32 billion for the quarter. During the same period in the prior year, the company earned $1.00 earnings per share. The business’s revenue was down 3.2% compared to the same quarter last year. On average, analysts expect that Yum Brands Inc. will post $2.40 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 4th. Investors of record on Wednesday, October 19th were paid a dividend of $0.51 per share. This is a positive change from Yum Brands’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date was Monday, October 17th. Yum Brands’s dividend payout ratio (DPR) is currently 51.91%.
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YUM has been the subject of a number of recent research reports. BTIG Research restated a “hold” rating on shares of Yum Brands in a research report on Sunday, September 4th. Robert W. Baird restated a “neutral” rating and issued a $92.00 target price on shares of Yum Brands in a research report on Wednesday, September 7th. Citigroup Inc. boosted their target price on Yum Brands from $88.00 to $96.00 and gave the stock a “neutral” rating in a research report on Friday, September 9th. Zacks Investment Research downgraded Yum Brands from a “hold” rating to a “sell” rating in a research report on Monday, September 19th. Finally, Royal Bank Of Canada downgraded Yum Brands from a “top pick” rating to an “outperform” rating and set a $97.00 target price for the company. in a research report on Friday, September 23rd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $91.72.
In other Yum Brands news, CEO Roger G. Eaton sold 53,518 shares of the firm’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $91.72, for a total transaction of $4,908,670.96. Following the transaction, the chief executive officer now directly owns 245,736 shares in the company, valued at approximately $22,538,905.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David W. Gibbs sold 14,487 shares of the firm’s stock in a transaction on Thursday, October 13th. The stock was sold at an average price of $89.92, for a total value of $1,302,671.04. Following the transaction, the chief financial officer now owns 48,261 shares in the company, valued at $4,339,629.12. The disclosure for this sale can be found here. Corporate insiders own 7.38% of the company’s stock.
Yum Brands Company Profile
YUM! Brands, Inc (YUM) is engaged in restaurant business. The Company develops, operates, franchises and licenses an across the world system of restaurants, which prepare, package and sell a menu of food items, primarily through the three concepts of KFC, Pizza Hut and Taco Bell (the Concepts). YUM operates through four segments: YUM China (China Division), which includes all operations in mainland China; The KFC Division, which includes all operations of the KFC concept outside of China Division; The Pizza Hut Division, which includes all operations of the Pizza Hut concept outside of China Division, and the Taco Bell Division, which includes all operations of the Taco Bell concept.
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